2026 assessment
$14M
OPA value, not a listing price
Apartment building report
40 S 2nd St
7 stories51,240 sqftCMX3built 2023
Property at a glanceApartments
Second And Trotter Owner LLC
2027 published assessment
$13M
Future roll, not the current tax bill
Location
0 block of S 2nd St
ZIP 19106
Neighborhood area
Old City · Society Hill
Approximate · based on ZIP 19106
Assessment and City record timeline
The line tracks this property’s published City assessment. Markers show deeds, permits, inspections, licenses, violations, certifications, and appeals on their recorded dates. Select one to read the filing.
Assessments are tax-roll values, not sale prices or appraisals. OPA has published a 2027 assessment of $13,100,700. It is not yet the billed-year tax basis.
- OPA assessment · 2023$7.0M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2024$14M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2025$14M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2026$14M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- OPA assessment · 2027$13M assessed valueOPA’s value on the City tax roll for that year. It is not an appraisal, listing price, sale price, or live tax balance.How Philadelphia property assessments work ↗
- Permit · 2021-07-15New construction, addition, GFA changeThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2021-11-19New ConstructionThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2022-03-22New Construction or AdditionsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2022-03-23Rough-InThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2022-06-15New ConstructionThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2022-07-07New ConstructionThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2022-08-09New ConstructionThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2024-08-06Change of UseThis permit category usually covers the property’s allowed use, dimensions, occupancy, or site configuration. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2024-09-23New Construction or AdditionsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2024-11-13Addition and/or AlterationThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2025-03-15Addition and/or AlterationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2025-03-20Addition and/or AlterationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2025-04-13Addition and/or AlterationThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2025-04-27AlterationsThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2025-11-24Signs (Accessory / Non-Accessory)This permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- Permit · 2025-12-04SignThis permit category usually covers construction, repair, alteration, addition, or occupancy work. The approved scope—not the short category—defines what was authorized, and issuance alone does not prove completion.Philadelphia construction and repair permits ↗
- License · 2025-12-08Hideaway Kava LLC (Old City Kava Company): Food Preparing and Serving (30+ SEATS) business license initially issuedA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- License · 2023-10-13Second and Trotter Owner LLC: Rental landlord or residential registration initially issuedA City license record tied to an activity or property use. Its issue, expiration, inactive, and status fields—not the category alone—show what was recorded for this date.Philadelphia L&I licenses and property records ↗
- Certification · 2024-08-15Fire Alarm CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Certification · 2024-08-19Sprinkler CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Certification · 2025-07-17Fire Alarm CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Certification · 2025-11-05Sprinkler CertificationA filed inspection or certification for a regulated building system or component. Check the result, expiration date, and latest filing before treating it as current.What Philadelphia inspections check ↗
- Appeal · 2026-05-08LIRB Violation AppealA challenge or request reviewed through a City appeals process. Filing an appeal does not show who prevailed; read the decision, conditions, and related permit or violation.How Philadelphia L&I appeals work ↗
Property assessmentAssessmentAppealPermitLicenseCertification
Scroll horizontally to move through the years. Each icon sits on its recorded date; records without a day are labeled and centered within their year. Select one to explain the filing.
Highlight
Every dated record23 events · exact dates, newest first
- AppealLIRB Violation Appeal
- LicenseHideaway Kava LLC (Old City Kava Company): Food Preparing and Serving (30+ SEATS) business license initially issued
- PermitSign
- PermitSigns (Accessory / Non-Accessory)
- CertificationSprinkler Certification
- CertificationFire Alarm Certification
- PermitAlterations
- PermitAddition and/or Alteration
- PermitAddition and/or Alterations
- PermitAddition and/or Alterations
- PermitAddition and/or Alteration
- PermitNew Construction or Additions
- CertificationSprinkler Certification
- CertificationFire Alarm Certification
- PermitChange of Use
- LicenseSecond and Trotter Owner LLC: Rental landlord or residential registration initially issued
- PermitNew Construction
- PermitNew Construction
- PermitNew Construction
- PermitRough-In
- PermitNew Construction or Additions
- PermitNew Construction
- PermitNew construction, addition, GFA change
Verify the public record
Property tax
$19,597/year estimated property tax
2026 taxable assessment $1,400,000 × 1.3998%. This is an estimate, not a bill or account balance. The City maintains payments, credits, interest, and the current amount due.
OPA has published a 2027 assessment of $13,100,700. It is not the 2026 billed-year value.
Payments, credits, interest, and the current amount due are maintained by the City.
OPA 8810002582026 OPA taxes $1,400,000 of $14,000,000 assessed. The assessment fields alone do not identify a program, approval date, expiration, or buyer eligibility.
See the assessment math →Historical delinquency sources No current conclusion
This parcel did not match the June 2022 delinquency snapshot. That absence does not confirm the account is current today.
For a purchase, refinance, or closing, request the City’s official Property Payoff statement in Tax Center under “More options.”
Building report
Apartment building
Apartments, recorded in the City's apartments category. The public record and owner trail follow.
What it is
Apartments
Pd Pkg Lot Commercial
Owner
Second And Trotter Owner LLC
$ / sq ft
$256
above the $147 median for 2,826 apartments parcels citywide
Corridor
Old City
city commercial corridor
Licensed units
61
active rental license
Interior area
51,240 sqft
Lot size
8,686 sqft
Stories
7
Built
2023
Zoning
CMX3
Recorded owner
Who's behind it
Second And Trotter Owner LLC · corporate / LLC owner
• Tax bills mail to 40 S 2nd St, Philadelphia PA, 19106
• Holds an active rental license for this address
Block context
0 block of S 2nd St. Compare parcels, ownership, and public-record history.
See the whole block →Next door: 44 S 2nd St · 46 S 2nd St
L&I license dates · data through Jul 25, 2026
Business licenses at this address Latest pull
What L&I has registered at this OPA parcel, newest initial license date first.
Hideaway Kava LLC (Old City Kava Company)Active
Food Preparing and Serving (30+ SEATS) · Initial issue date Dec 8, 2025 · Filed expiration Dec 7, 2026
Landlord and residential filings
These are property registrations or landlord filings, not businesses operating at this address.
Second and Trotter Owner LLCActive
Rental · Initial issue date Oct 13, 2023 · Filed expiration Oct 12, 2026
A license is an L&I registration, not proof that a business is open, operating today, or located at this storefront. Dates are license dates. Events are deduped by parcel, business identity, and license type, so a renewal is not shown as another opening. Other permit and filing types remain in the full source ledger.
Inferred from public records · 2025-07-28 through 2026-07-28
Food and drink at this property
1 possible-opening record signal in this 12-month window. These are classifications, not confirmed announcements.
Inference, not an opening announcement. Possible-opening classifications are inferences from public permit and license records, not confirmed opening announcements. A permit is authorization for a stated scope, not proof that work occurred or finished. A license is an L&I registration, not proof that a business is open or operating. Food and drink uses the seven exact L&I license types already used by BlockReport. The City record does not support a reliable restaurant, bar, and cafe split. License renewals do not create new events. The opening date is the earliest initial issue date for a deduped OPA parcel, normalized business identity, and license type. Sources: L&I building permits and L&I business licenses, data through Jul 28, 2026.
Open every source row 23 dated rows
- AppealLIRB Violation Appeal
Appeal HA-2025-002967 · Closed · Complete
see attached
- License issue eventHideaway Kava LLC (Old City Kava Company): Food Preparing and Serving (30+ SEATS) business license initially issued
License 0995070 · Active
License event. Registration does not prove present operation or storefront occupancy.
- PermitSign
Permit GP-2025-011054 · Completed
FOR THE ERECTION OF TWO NON-ILLUMINATED ACCESSORY WALL SIGNS.
- PermitSigns (Accessory / Non-Accessory)
Permit ZP-2025-011219 · Completed
FOR THE ERECTION OF TWO NON-ILLUMINATED ACCESSORY WALL SIGNS. SIZE AND LOCATION AS SHOWN IN PLANS.
- CertificationSprinkler Certification
Certification BC-2026-020221 · Certified
Expires 2026-11-05
- CertificationFire Alarm Certification
Certification BC-2025-025298 · Certified
Expires 2026-07-17
- PermitAlterations
Permit PP-2025-001305 · Completed
INTERIOR FIT-OUT FOR A SIT DOWN RESTAURANT. INSTALLATION OF DRAINAGE, WASTE, VENT, AND WATER SUPPLY FOR LISTED FIXTURES AND ASSOCIATED FOOD PREPERATION SINKS, WELLS, AND APPLIANCES DISCHARGING VIA AIR GAP IN COMPLIANCE WITH PHILADELPHIA PLUMBING CODE. ALL WORK PERFORMED IN COMPLIANCE WITH 2018 PPC AND APPROVED PLANS.
- PermitAddition and/or Alteration
Permit EP-2025-001989 · Completed
INSTALL WIRING, LIGHTING, SWITCHES AND RECEPTACLE OUTLETS. RELOCATE FIRE ALARM DEVICES ACCORDING TO THE 2017 NEC, 2016 NFPA 72 AND PER PLANS.
- PermitAddition and/or Alterations
Permit FP-2025-000565 · Completed
EZ PERMIT SPRINKLER RELOCATION (NFPA 13)- For the relocation of sprinkler heads as per attached standards. Deviations from these standards require submission of construction and site plans. MK FIRE PROTECTION TO RELOCATE 20 SPRINKLER HEADS
- PermitAddition and/or Alterations
Permit MP-2025-001250 · Completed
FOR INSTALLATION OF HVAC SYSTEM TO THE NEW RESTAURANT AS PER APPROVED PLANS.
- PermitAddition and/or Alteration
Permit CP-2024-004061 · Completed
FOR CHANGE OF OCCUPANCY AT 1ST FLOOR AND LEVEL II ALTERATIONS TO INCLUDE NEW PARTITIONS, FIXTURES, FURNISHINGS, FINISHES AS PER APPROVED PLANS. SEPARATE PERMITS REQUIRED FOR MEP AND FIRE SUPPRESSION WORK. *2018 IEBC*
- PermitNew Construction or Additions
Permit PP-2022-003604 · Completed
New construction, interior plumbing. +All proposed work to be done in accordance with Philadelphia Plumbing Code 2018.
- CertificationSprinkler Certification
Certification BC-2026-020228 · Certified
Expires 2025-08-19
- CertificationFire Alarm Certification
Certification BC-2025-002652 · Certified
Expires 2025-08-15
- PermitChange of Use
Permit ZP-2024-007674 · Completed
Eating and Drinking Establishments - Sit-Down Restaurant
- License issue eventSecond and Trotter Owner LLC: Rental landlord or residential registration initially issued
License 935581 · Active
License event. Registration does not prove present operation or storefront occupancy.
- PermitNew Construction
Permit EP-2022-007174 · Completed
Install a 2500 amp service, (1) 1200 amp (30) gang meter bank, (1) 1200 amp (31) gang meter bank, (1) 400 amp panel & feeder, (1) 600 amp panel & feeder, (1) 200 amp panel & feeder, (1) 100 amp panel & feeder. Install a 175 amp fire pump service. Install a 70 kw generator & 200 amp ATS. Install wiring throughout the common & amenity areas, commercial shell space and (61) dwelling units. Install lights normal & emergency, switches, sensors, receptacles and smoke alarms. Provide power for the mechanical, HVAC and elevator equipment. Install an addressable fire alarm system throughout. Install a two-way communication system throughout. All work in accordance with the 2017 nec & 2016 nfpa-72.
- PermitNew Construction
Permit MP-2022-002428 · Completed
For the installation of a mechanical HVAC system including all registers, diffusers, and appliances (installed in accordance with manufacturer’s specifications), with associated ductwork (all ductwork for dwelling units self-contained within each unit; no penetration of fire-rated assemblies), throughout a new seven (7) story semi-detached structure (w/roof deck and pilot house enclosing access stairs only) to be used as Groups A-3/M/R-2, as per plans; see CP-2021-004965 for associated building permit; systems commissioning required as per 2018 IECC Section C408.2.
- PermitNew Construction
Permit FP-2022-001293 · Completed
INSTALL NEW FIRE SUPPRESSION SYSTEM COMPLYING WITH NFPA 13 THROUGHOUT AN EXISTING STRUCTURE. INSTALLATION TO INCLUDE 6" MAIN FIRE SERVICE LINE AND 8" DCV AMES COLT BACKFLOW PREVENTION ASSEMBLY AS PER APPROVED PLANS. STANDPIPE SYSTEM TO BE INSTALLED AS PER PLANS.** ALL WORK SHALL BE PERFORMED BY A FIRE SUPPRESSION CONTRACTOR LICENSED BY THE CITY OF PHILADELPHIA.**
- PermitRough-In
Permit PP-2022-004577 · Completed
Rough-In Permit
- PermitNew Construction or Additions
Permit PP-2022-004255 · Completed
Install 2" Domestic water service; 3" Domestic water service; storm and sanitary curb traps, FAI and main house drains
- PermitNew Construction
Permit CP-2021-004965 · Completed
NEW CONSTRUCTION OF A SEVEN-STORY BUILDING WITH COMMON ROOF DECK FOR USE AS GROUND FLOOR SHELL COMMERCIAL SPACE (USE REGISTRATION & FIT-OUT PERMITS REQUIRED PRIOR TO OCCUPANCY) AND SIXTY-ONE (61) DWELLING UNITS ABOVE AS PER APPROVED PLANS. BUILDING TO UTILIZE HORIZONTAL SEPARATIONS TO CREATE TWO (2) SEPARATE BUILDINGS WITH TWO (2) DIFFERENT CONSTRUCTION TYPES (CELLAR THROUGH 2ND FLOOR - TYPE IA AND 3RD THROUGH 7TH FLOORS - TYPE IIIA). FIRE RETARDANT TREATED STUDS AND SHEATHING REQUIRED FOR TYPE III CONSTRUCTION. BUILDING TO BE FULLY SPRINKLERED PER NFPA 13 AND INCLUDE STANDPIPES PER NFPA 14. FIRE WATCH REQUIRED PER CODE BULLETIN F-2001. *2018 IBC REVIEW* AMENDMENT APPROVED 2/8/22 AMEND NEW CONSTRUCTION PERMIT CP-2021-004965 FOR UPDATES TO CONSTRUCTION DRAWINGS AND DETAILS AS PER APPROVED PLANS. **SEPARATE PERMITS REQUIRED FOR MEP & FIRE SUPPRESSION WORK**
- PermitNew construction, addition, GFA change
Permit ZP-2021-007839 · Completed
FOR THE ERECTION OF A SEMI-DETACHED STRUCTURE ( USING ADDITIONAL 150% BONUS OF FLOOR AREA AS PER MIXED INCOME BONUS (14-702(7)) ; ROOF DECK ACCESSED BY A PILOTHOUSE AND WITH ELEVATOR; BALCONIES AT SIXTH(6TH) AND SEVENTH(7TH) FLOORS AND MEZZANINE AT SEVENTH(7TH) FLOORS . SIZE AND LOCATION AS SHOWN IN THE APPLICATION.
Where this comes from
- Assessment, spec sheet & owner: OPA Property Assessments, Office of Property Assessment
- Sales & deed history: Realty Transfer Tax records, Recorder of Deeds
- Permits, violations & inspections: L&I Property History · Atlas
- Tax delinquency snapshot · June 2022: Real Estate Tax Delinquencies, Dept. of Revenue
- Historical tax ledger & liens · through 2016: Real Estate Tax Balances, Dept. of Revenue
- Current property-tax balance: Verify with Philadelphia Revenue
- Zoning appeals: L&I & Zoning Board appeals
- Imagery: Street photo © Google · Aerial © Esri, Maxar
Methodology & freshness
This report was assembled Jul 26, 2026, 9:08 PM ET. Available City datasets are queried from OpenDataPhilly (phl.carto.com) and the cited City ArcGIS feeds; record queries paginate rather than silently taking a first page. For this property: Permits: queried · Violations: queried · Investigations: queried · Appeals: queried · Licenses: queried · Building certifications: queried. “Unavailable” means the source query failed or was not supplied, not “no record.” Reports re-pull on view after seven days and on an overnight rolling schedule; citywide benchmarks recompute weekly. Source dates still govern: the parcel-level tax-delinquency snapshot is June 2022 and the separate detailed tax ledger ends in 2016, so neither establishes today’s balance. The live balance and date-effective payoff must be verified in Tax Center. AI-written passages are grounded in the assembled record and rejected if they state a number the record does not hold.
Official city record ↗ · L&I history ↗ · See the whole block · Download this record (JSON)